Vietnam's exports totaled $108.57 billion in the first of four months of this year, a year-on-year decrease of 11.8%, the General Statistics Office announced. Some $96.1 billion, or 88.5% of the turnover, came from processed industrial products. ...
VIETNAM RANK DOWN 4 STEPS IN 2023 LOGISTICS PERFORMANCE INDEX
After 5 years of waiting, the World Bank (WB) has just announced the Logistics Performance Index (LPI) Ranking 2023 on the evening of 21st April, 2023. Vietnam's LPI in 2023 ranked 43rd, down 4 steps compared to the "spectacular" 39th of 2018. Accordingly, the world leader is still Singapore, the second is Finland, the third is Denmark, Germany, the Netherlands and Switzerland. “Logistics is the lifeblood of international trade, and conversely, trade is a powerful driver of economic growth and poverty alleviation,” said Mona Haddad, Global Director of Trade, Investment and Capacity of competition, World Bank shares. Notably, in the LPI rankings in...
DECLARE GOODS INFORMATION PASSING THROUGH BORDER GATE ON THE ELECTRONIC SYSTEM
From 20th April, 2023, instead of making declarations with paper documents, businesses carrying out procedure declaration through land and waterway border gates will declare electronic declarations of imported goods. The General Department of Customs has Document No. 1790/TCHQ-GSQL guiding the implementation of declaration, receipt, inspection and certification of electronic manifests of imported goods. Accordingly, from April 20, 2023, the truck owner, the truck driver, the person authorized by the truck owner (the goods owner or the authorized customs agent) declare a list of imported goods information (hereinafter referred to as the manifest) before bringing goods into the Vietnamese territory according to...
THE GOVERNMENT HAS AGREED TO THE MINISTRY OF FINANCE TO SUBMIT A PLAN TO REDUCE VAT BY 2%
Deputy Prime Minister Le Minh Khai agreed in principle that the Ministry of Finance would report to the Government for submission to the National Assembly and the National Assembly Standing Committee for consideration and permission to formulate and issue a National Assembly's Resolution on value-added tax reduction. In 2023 the Ministry of Finance proposes to reduce the VAT rate by 2% for all goods and services subject to the 10% tax rate (to 8%); reduce 20% of the percentage rate to calculate VAT for business establishments (including business households and business individuals) when issuing invoices for all goods and services...
GUIDE TO WRITE THE ORIGINAL LABEL OF GOODS IMPORTED INTO VIETNAM
These days, Vietnam's customs conducts strict inspection of imported shipments (especially from Korea, China, ...) on the matter of labeling of goods. The improper labeling of goods has caused delays in the import clearance procedures. In that case, the business will also be subject to some form of administrative sanction. We are pleased to provide one sample of the correct original label of goods as below: ...
NEW CARGO ROUTE FROM CHINA TO NEW DELHI AND FROM PARIS TO CHINA
Zhongyuan Longhao Airlines launches flights between Zhengzhou and New Delhi. Beside that CMA CGM Air Cargo also launches new Paris-Guangzhou air cargo route. Zhongyuan Longhao Airlines launches flights between Zhengzhou and New Delhi Zhongyuan Longhao Airlines (China Central Longhao Airlines) has begun operating flights between Zhengzhou, China and New Delhi, India. Longhao Airlines The state-owned cargo airline will operate two flights per week from Zhengzhou using a B747-400 freighter, said Delhi International Airport. The airport said in a LinkedIn post on April 13: “Delhi International Airport is delighted to welcome “China Central Longhao Freighter” at DEL today. The airline will operate 2 flights per week...